Bitcoin failed attempt to break 40K means the broader support area is still in play. While the broader resistance is 45K, the minor resistance is 42.5 which appears to be affecting price now. IF a bearish pin bar appears at this location, it increases the chances of a bearish retrace back into the 40.5K area. THIS is the scenario I am looking for in order to...
In the Crypto Fund we hold a bearish bias on the Crypto market overall for our investors, including on BTC. On this retracement back up, we’ve capitalised on several buy positions & cashed in profit💰 Now time for the move back down! ⭕️Wave 4 Complete, Wave 5 Pending. ⭕️3 Sub-Waves (A,B,C) Complete. ⭕️Bullish Momentum Slowing Down. ⭕️BTC ETF Negative For Growth.
In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I...
I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event: Now, we observe a continuation pattern with bearish divergences on the RSI. A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a...
Hello friends, After a lot of speculation, CRYPTOCAP:BTC finally broke the $47,000 level that was our intended target on the eve of spot ETFs approval, and fell down after hitting $49,000. If we want to check the conditions on the chart, as you can see, CRYPTOCAP:BTC is still above the uptrend support line and at the same time it is still fluctuating in the...
Yes, Bitcoin never disappoints; it is getting ready to reach the 55K level, as a megaphone pattern has formed.
Bitcoin cryptocurrency market leader analysis In the medium term, according to the breakdown of the static line to the $41,750 range, there is a higher probability of a decline, and any movement in the short term will be corrected and continue to fall towards the $34,750 range. The main and important resistance is $41,750
Sharing this update from Jan 23rd with the community here "Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now. Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm. The next support target is at ±36k (38.5k was hit), followed by ±34.3k The main target is at...
On this 1W analysis we see Bitcoin's (BTCUSD) amazing symmetry through its historic Cycles. A symmetry which upto this date, is holding and we will explain why right away. Before we begin, note that the current study can be used in combination with our legendary Golden 51%-49% Ratio publications shown below: ** Three Cycle Phases ** Now as to the...
Hi . As you can see, Bitcoin has reached the ceiling of the ascending channel after passing through 5 ascending waves, and after that the price started its corrective wave and almost reached the PRZ point. I think the past is repeatable and as shown in the AB=CD Chart. After the price reaches the PRZ zone, the price can have a good growth. also a Hidden...
I'm now following the 20% "rules" BTC was doing past years (red circles) and will refill a lot each time BTC drop 20%, ~36K for this one, around 0.786 fib Arrows are not related with time Cheers
Hello,Traders! BITCOIN was trading along The rising support line But now we are seeing A bearish breakout and The breakout is confirmed So I will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. Let's make it simple. Bitcoin will retest lower levels around 43K. (But the most important dynamic level is the Daily Bollinger midline.) If the price breaks below the specified area, Bitcoin can fall towards lower targets of $40,000 to around $37,500. Many analysts are predicting a sell-off after the...
There we have it folks! Another top caught perfectly! In our last few analysis, we mentioned that we were in a 535 zigzag and we're approaching a reversal point. We hit the ascending channel perfectly before reversing. Those that were following our analysis closely would have caught it. Well done! We'll be holding our shorts and actively managing our positions...
Examining the Chart: After a year of sustained bullish momentum, the likelihood of a significant correction is on the rise. Historical patterns from previous halving events reveal a notable trend: Bitcoin tends to experience a crash before embarking on a new bull market.
Before the ETF decision, İ told you not to get caught in FOMO. Now i expect consolidation before halving. Prices may fluctuate between around 38.000$ - 48.000$ for a certain period of time, but then may decrease to around 32.000$. Fundamentally, with Fed monetary policy easing, money inflow to the market will increase in 2024 and 2025. My target for 2024 is...
Fibonacci wedges play ground. This is the possible scenario for me. 48.500$ very strong resistance of fibonacci wedge. Full of action days are waiting for us. Don't get caught up in FOMO. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you...
Since September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if...